NYSE · Financial Statements

Kinder Morgan, Inc. (KMI) Financial Statements

$33.56 NYSE: KMI Market Cap $74.72B

Kinder Morgan, Inc. most recently reported annual revenue of $16.9B, net profit of $3.1B. Revenue grew at an average annual rate of 8.1% over the last 5 fiscal years. See the full income statement, balance sheet, and cash flow statement below, plus valuation and return ratios.

Kinder Morgan, Inc.: Revenue rose from $12.9B in 2016 to $16.9B in 2025, a change of +31.0% over 9 years; net profit was positive in all 10 reported years; operating margin moved from 29.8% to 28.4%, a shift of -1.4 percentage points; the most recent year shows net profit of $3.1B.

Income Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Revenue$12.9B$13.6B$14.3B$13.2B$11.5B$17.5B$19.6B$15.2B$15.1B$16.9B
Operating Expenses$9.1B$10.2B$10.2B$9.3B$8.2B$12.2B$15.1B$11.1B$10.7B$12.1B
Operating Profit$3.9B$3.4B$4.1B$3.9B$3.2B$5.3B$4.4B$4.0B$4.4B$4.8B
Operating Margin29.8%25.3%28.5%29.5%28.3%30.1%22.6%26.7%29.1%28.4%
Other Income$-2.2B$-1.3B$-1.6B$-716.0M$-2.6B$-3.1B$-1.1B$-844.0M$-976.0M$-820.0M
Interest$1.9B$1.8B$1.9B$1.8B$1.6B$1.5B$1.5B$1.8B$1.9B$1.8B
Depreciation$2.2B$2.3B$2.3B$2.4B$2.2B$2.1B$2.2B$2.3B$2.4B$2.5B
Profit Before Tax$1.6B$2.2B$2.5B$3.2B$661.0M$2.2B$3.3B$3.2B$3.4B$4.0B
Tax$56.0M$89.7M$23.4M$29.3M$72.8M$16.6M$21.3M$22.3M$20.2M$20.8M
Net Profit$708.0M$183.0M$1.6B$2.2B$119.0M$1.8B$2.5B$2.4B$2.6B$3.1B
EPS$0.25$0.01$0.66$0.96$0.05$0.78$1.12$1.06$1.17$1.37
Dividend Payout0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%0.0%

Quarterly Results — Last 12 Quarters (USD millions)

8 duplicate period labels in the source data were collapsed.

MetricSep '23Dec '23Mar '24Jun '24Sep '24Dec '24Mar '25Jun '25Sep '25Dec '25Mar '26Jun '26
Revenue$3.9B$4.0B$3.8B$3.6B$3.7B$4.0B$4.3B$4.0B$4.1B$4.5B$4.8B$4.5B
Operating Expenses$2.9B$2.9B$2.6B$2.6B$2.7B$2.8B$3.0B$2.9B$3.1B$3.1B$3.4B$3.1B
Operating Profit$971.0M$1.1B$1.2B$1.0B$1.0B$1.1B$1.2B$1.1B$1.1B$1.4B$1.4B$1.3B
Operating Margin24.8%27.0%31.1%28.8%27.4%28.9%29.2%28.3%25.6%30.3%29.9%30.1%
Interest$454.0M$449.0M$475.0M$465.0M$461.0M$442.0M$450.0M$452.0M$456.0M$442.0M$430.0M$425.0M
Profit Before Tax$700.0M$824.0M$982.0M$770.0M$764.0M$891.0M$929.0M$919.0M$839.0M$1.3B$1.3B$1.2B
Tax$20.7M$25.0M$21.3M$21.8M$14.8M$22.1M$20.0M$19.3M$22.1M$21.8M$22.3M$23.3M
Net Profit$532.0M$594.0M$746.0M$575.0M$625.0M$667.0M$717.0M$715.0M$628.0M$996.0M$976.0M$867.0M
EPS$0.24$0.27$0.33$0.26$0.28$0.30$0.32$0.32$0.28$0.45$0.44$0.39

Over the 10 years reported for Kinder Morgan, Inc., borrowings decreased from $40.0B in 2016 to $32.4B in 2025, cash stood at $109.0M in the latest year, shareholders' equity was $22.0M, current assets covered current liabilities 0.64 times.

Balance Sheet — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Total Assets$80.3B$79.1B$78.9B$74.2B$72.0B$72.4B$70.1B$71.0B$71.4B$74.6B
Current Assets$3.2B$2.7B$5.7B$3.2B$3.2B$3.8B$3.8B$2.5B$2.5B$2.8B
Cash$684.0M$264.0M$3.3B$185.0M$1.2B$1.1B$745.0M$83.0M$88.0M$109.0M
Inventory$357.0M$424.0M$385.0M$371.0M$348.0M$562.0M$634.0M$525.0M$555.0M$574.0M
Receivables$1.6B$1.6B$1.5B$1.4B$1.3B$1.6B$1.8B$1.6B$1.5B$1.7B
Fixed Assets$38.7B$40.2B$37.9B$36.4B$35.8B$36.0B$35.6B$37.3B$38.0B$39.5B
Capital Work in Progress$0$0$0$0$0$0$0$0$0$0
Investments$7.0B$7.3B$7.5B$8.7B$7.9B$7.9B$7.7B$7.9B$7.8B$7.6B
Other Assets$22.2B$22.2B$22.0B$21.5B$19.9B$19.9B$20.0B$20.1B$20.1B$20.1B
Total Liabilities$45.5B$43.9B$43.7B$40.1B$40.9B$40.4B$38.0B$39.3B$39.5B$42.1B
Current Liabilities$5.9B$6.2B$7.6B$5.1B$5.1B$5.8B$6.9B$7.2B$5.1B$4.3B
Borrowings$40.0B$37.5B$37.1B$34.2B$34.6B$33.9B$32.3B$32.6B$32.3B$32.4B
Other Liabilities$5.5B$6.4B$6.6B$5.9B$6.4B$6.5B$5.6B$6.7B$7.2B$9.7B
Equity$22.0M$22.0M$23.0M$23.0M$23.0M$23.0M$22.0M$22.0M$22.0M$22.0M
Reserves$34.4B$33.6B$33.7B$33.7B$31.4B$30.8B$30.7B$30.3B$30.5B$31.2B

For Kinder Morgan, Inc., operating cash flow was positive in 10 of 10 reported years; free cash flow in the latest year was $2.9B; free cash flow was positive in 10 of 10 years; financing activities used $202.0M in the latest year, which covers debt repayment, dividends and buybacks.

Cash Flow Statement — 10 Years (USD millions)

Metric2016201720182019202020212022202320242025
Operating Cash Flow$4.8B$4.6B$5.0B$4.7B$4.5B$5.7B$5.0B$6.5B$5.6B$5.9B
Investing Cash Flow$-4.6B$-6.5B$-3.0B$-4.0B$-2.6B$-3.6B$-3.8B$-6.5B$-5.3B$-6.2B
Financing Cash Flow$74.0M$1.8B$-210.0M$-824.0M$-168.0M$-123.0M$36.0M$-719.0M$-214.0M$-202.0M
Net Cash Flow$455.0M$-420.0M$3.0B$-3.1B$1.0B$-62.0M$-353.0M$-698.0M$118.0M$-105.0M
Free Cash Flow$1.9B$1.4B$2.1B$2.5B$2.8B$4.4B$3.3B$4.1B$3.0B$2.9B

Valuation & Return Ratios

MetricValue
PEG Ratio0.65
EV / EBITDA14.13
FCF Yield4.02%
Quick Ratio0.55
Interest Coverage3.08
Return 1Y36.43%
Return 3Y136.38%
Return 5Y150.97%

Kinder Morgan, Inc. (KMI) financials — frequently asked questions

What is Kinder Morgan, Inc.'s annual revenue?

Kinder Morgan, Inc. (KMI) reported annual revenue of $16.9B in its most recent fiscal year.

What is Kinder Morgan, Inc.'s net profit?

Kinder Morgan, Inc. (KMI) reported net profit of $3.1B in its most recent fiscal year.

What is KMI EV/EBITDA?

Kinder Morgan, Inc.'s enterprise value to EBITDA (EV/EBITDA) ratio is 14.13.

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